Canaan Inc. (CAN), a prominent provider of computing solutions, has announced that its subsidiary, Canaan U.S. Inc., has successfully secured a contract with a new U.S. customer for the supply of its Avalon A15XP mining machines. According to the contract details, Canaan U.S. will deliver 2,800 air-cooled Avalon A15XP miners to the customer, a vertically integrated Bitcoin firm, with the delivery scheduled for the first quarter of 2025. These miners boast a benchmark hash performance of 207 terahashes per second. As a result of this announcement, Canaan's stock has risen by 5.17%, reaching $2.44 per share on the Nasdaq during pre-market trading.
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